Stockholm based Maximum Entertainment AB has entered a restructuring term sheet with its main lender, Olivine Holdings, LLC, to overhaul its capital structure and avoid full insolvency.

The company, headquartered in Stockholm, is utilising a restructuring term sheet to address its insolvency-related issues, having been in payment default on its term loan facilities since Q3 2024. The Company has signed a Term Sheet with its main lender, Olivine Holdings, LLC, aimed at achieving a long-term capital structure and operational stability.

The restructuring involves a group reorganization where a new U.S. entity will assume the operating subsidiaries. The Group's $44.3 million outstanding debt to the lender will be exchanged or cancelled, and Maximum Entertainment AB's guarantees will be released. Olivine are providing a $2.1 credit line to ensure short-term liquidity and enabling operations to continue. 

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Sheffield Wednesday, currently in administration since 24 October, have been granted special permission by the English Football League to sign a second new player despite their transfer embargo. This comes as their squad is severely limited - six players are injured, and others may be absent soon due to the Africa Cup of Nations. 

At the same time, there are three credible bids to take over the club, and administrators from Begbies Traynor are also evaluating further offers, before naming a preferred buyer. The hope is to conclude the sale soon, giving the club long-term stability while keeping football operations running.

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The Baltic media group says that its Latvian subsidiary has been hit by an insolvency application filed by a third-party advertising firm (SIA Ekis & Co‑Positioning and Consulting), over a dispute tied to invoicing for advertising services, reportedly about €200,000.

Delfi Latvia is disputing the billing method and consequently taking legal action. The management are insisting that the issue is handled through normal channels, as they say it is a commercial disagreement rather than a financial crisis. They also emphasize it doesn’t materially affect Delfi’s day-to-day operations or broader financial health. In 2024, Delfi Latvia reported €5.5 million in revenue and a €594,281 profit, confirming the subsidiary remains financially stable. 

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Gauzy Ltd. saw its shares drop 48.5% in premarket trading after revealing that three of its French subsidiaries have entered insolvency proceedings. On November 13, the Commercial Court of Lyon initiated Redressement Judiciaire - a judicial reorganization process designed to preserve operations, protect jobs, and repay creditors while enabling recovery. In response, Gauzy postponed its third-quarter 2025 financial results, originally set for November 14.

The Tel Aviv based company said it strongly disagrees with the ruling and intends to appeal promptly, though the proceedings will continue during the appeals process. CEO Eyal Peso emphasized that Gauzy has invested over $50 million in its French operations in recent years and considers the court’s decision unwarranted. The firm is working with court-appointed administrators to maintain normal operations and ensure its subsidiaries can meet financial obligations.

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Couriers and staff at Fastway Couriers in Ireland are in limbo following the company’s entry into receivership. Workers protested outside the depot at Greenogue, Co Dublin, having been told they are still working for the company for 30 days under receivership, but won’t be paid until the New Year - and will not be able to claim social welfare in the meantime. 

Franchise-holders and subcontractors also say they have been left in the dark. The collapse comes ahead of the busy Christmas period, raising fears for thousands of parcels in transit and the viability of small businesses relying on timely delivery. 

The situation has triggered political concern, with calls for urgent clarity on workers’ entitlements and protection of third-party goods caught up in the company’s downfall.

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